Latest news with #MissouriStateTaxCommission
Yahoo
4 days ago
- Business
- Yahoo
Property value change notices mailed out in Jackson Co.: What to know
KANSAS CITY, Mo. — Jackson County, Missouri, has begun mailing out property value change notices on Thursday, June 5. The county says that Real Property Value Change Notices are being sent out in phases throughout this week, with some residents already having received theirs. Per Missouri law, counties are required to reassess real estate during odd-numbered years. Legislator Manny Abarca pleads not guilty to domestic battery charges in Johnson County Jackson County has responded with a new assessment order through the Missouri State Tax Commission. The order includes a formula that limits how much residential property values can increase, no matter the actual market value. Jackson County also provided the following tips that property owners should take note of: Review the notice carefully as it shows the estimated value of property. If you disagree with the valuation, you can file an appeal (instructions are included). The deadline to appeal is July 14, 2025 at 11:59 p.m. The order is not a tax bill. The assessor's office does not set the tax rates or levies. For seniors, there is the Senior Property Tax Credit Program. Estimated savings are included on the notices but are subject to change once the tax rates are set. You can apply through June 30 to lock in a 2024 baseline bill. Once owners are approved, tax bills will be based on the base year amount. If the number drops, that will become the new baseline. For more information, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
23-05-2025
- Business
- Yahoo
Jasper County property owners receiving 2025 Value Change Notices: What you need to know
JASPER COUNTY, Mo. — Jasper County property owners can expect their 2025 Real Property Value Change Notices in the mail soon. Those notices reflect updated market values as of January 1, 2025, based on two years of real estate data and rising property values across the state. The Missouri State Tax Commission found Jasper County's assessment ratio below the legal range at 68.61%. Missouri law says county assessments must fall within 90% to 110% market value. The county must increase property values by 13% to 15% to comply with state mandates or risk losing state funding and facing legal consequences. Jasper County officials reiterate: this is not a tax bill. The notice only shows your property's estimated market value. Tax rates are set by local taxing entities like schools and municipalities, not the assessor. Residents should review their notice carefully and note their rights to appeal. Officials said if a resident believes their property is overvalued or misclassified, they can request an informal review with the assessor's office: Informal Appeals (May 23 – June 23) Residential Appeals call (417)-237-1094 Commercial Appeals call (417)237-1093 Monday through Friday 8:30 a.m.– 4:30 p.m. Walk-In Appeal Sessions Location: 302 S. Main St. Room 201 Carthage, MO Hours: Monday – Friday 8:30 a.m. to 4:30 p.m. Formal Appeal to the Board of Equalization (BOE) Deadline to file is July 11, 2025, and you must file with the Jasper County Clerk's Office. Last year, the Jasper County Commission approved a Senior Tax Credit program for county residents 62 and older. Approved applicants will have their tax amount frozen beginning with their November 2025 tax bill, shown as a credit. Apply by May 31, 2025 through the Jasper County Collector's Office at 417-358-0411. MORE INFOR: Senior Real Property Tax Credit in Jasper County (Part 1) The county adds, property assessments will continue annually, but your tax amount will be frozen based on the year you are approved. This freeze will be reflected on your tax bill starting November 2025 as a credit. Jasper County seniors must act fast to claim tax credit For more information, residents should contact the Jasper County Assessor's Office. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
14-05-2025
- Business
- Yahoo
Greene County Assessor's Office issues real property value change notices
SPRINGFIELD, Mo. — The Greene County Assessor's Office is starting to mail 2025 Real Property Value Change Notices to property owners throughout the county. Notices are being sent in phases throughout the week. In accordance with Missouri law, all Missouri counties are required to reassess real property values in odd-numbered years to reflect market conditions as of January 1. The 2025 reassessment is based on two years of real estate sales data and continued market appreciation in Greene County. 'Greene County has experienced sustained real estate growth,' said Assessor Brent Johnson in a news release. Johnson said strong home sales, increased investor activity and continued relocation to the Greene County area have all contributed to rising property values. Mandated adjustments from the Missouri State Tax Commission Due to the unprecedented pace of real estate market growth across the state, the Missouri State Tax Commission (STC) has issued a Memorandum of Understanding (MOU) to Greene County, along with over 90 other counties. Under Missouri law, county assessments must fall within 90% to 110% of the market value. Greene County was found to be below the minimum threshold, with an estimated assessment ratio of 77.71%. As a result, the STC has directed the county to apply a minimum increase of 13% to 15% to property and land values to make progress towards compliance. Failure to do so will result in the loss of state funding and legal enforcement actions. 'As Assessor, I swore an oath to follow the law. While I was able to negotiate a lower increase than originally proposed, nearly every county in Missouri is facing similar reassessment orders for 2025,' Johnson explained in the release. 'Even with the 2023 increases, we remain below compliance due to how quickly the market has grown.' What property owners need to know Review your notice carefully Your notice reflects your property's estimated fair market value as of Jan. 1, 2025. It also includes information on how to request a review or file an appeal. This is not a tax bill The Assessor does not set tax rates. Local taxing jurisdictions — including school districts, municipalities, and fire districts — set levies based on their budget needs. Appeal period: May 13 – June 13, 2025 If you believe your property is overvalued or misclassified, you may request an informal review with the Assessor's Office. Deadline Board of Equalization: July 14, 2025, at 5 p.m. Formal appeals must be filed with the Board of Equalization (BOE) by this deadline. Appeal options Informal Appeals (May 13 – June 13) Call 417-868-4094 between 9 a.m. and 4 p.m., Monday through Friday, or file online using the E-Appeal system at: Walk-In Appeal Sessions Location: 940 N. Boonville Avenue, Room #35, Springfield, MO Hours: Monday–Friday, 9 a.m. to 4 p.m. Formal Appeal to the Board of Equalization (BOE) If no agreement is reached during the informal process, you may submit a formal appeal to the BOE. Instructions are included with your notice and available online. 'Please be patient as we anticipate a high call volume,' said Johnson. 'That's why we've added walk-in sessions and the E-Appeal option to give property owners more flexibility to ask questions and understand their valuation.' Senior Tax Credit – Apply by June 30, 2025 In August 2023, the Greene County Commission approved a Senior Tax Credit Program for homeowners aged 62 and older. The program is administered by the Collector of Revenue. Learn more or apply online: Contact the Collector's Office: Phone: 417-380-5889 Email: PropertyTaxCredit@ Important: Property assessments will continue annually, but your tax amount will be frozen based on the year you are approved. This freeze will be reflected on your tax bill starting November 2025 as a credit. Beware of Valuation Scams Assessor Johnson advises property owners to be cautious of third-party companies offering to assist with appeals for a fee. 'Many of these services use free public data and charge for inaccurate or outdated reports,' said Johnson in the release. 'This can harm your appeal and waste your time and money.' Only licensed or certified appraisers in Missouri may legally offer valuation opinions. Offers to provide assistance based on contingency fees may violate Missouri law and the Uniform Standards of Professional Appraisal Practice (USPAP). Key Reminders The Assessor sets values, not tax rates or tax bills. Contact taxing entities directly for levy and budget questions (e.g., school districts, fire districts, municipalities). Appeal early—don't wait until the deadline. Website: Phone: 417-868-4094 for questions about Real Property Values. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
01-05-2025
- Politics
- Yahoo
Jackson Co. assessor could become elected position if MO voters pass amendment
KANSAS CITY, Mo. — With the passage of a Missouri House joint resolution Thursday, voters will be asked to consider a constitutional amendment that, if approved, would allow Jackson County residents to elect their county assessor. Missouri House Speaker Jon Patterson, R-Lee's Summit, said HJR 23 and HJR 3 proposed a constitutional amendment that, pending the approval of Missouri voters, would require the Jackson County assessor to be an elected position. Procession route released for fallen Kansas City firefighter, paramedic Currently, Patterson said, Jackson County is the only charter county in the state that is not required to elect its assessor. The passage of the HJR comes amid concerns among residents and legislators regarding how property value assessments have been handled. Last month, the Missouri State Tax Commission ordered that the county roll back its 2023 assessments, a move County Executive Frank White called 'shocking' and 'dangerous.' The county on April 22 said it was evaluating the order. The county also recently announced that it has agreed to limit 2025 residential property assessment increases to 'no more than 15%.' 'This is an important step forward in the fight against unfair taxes,' Speaker Patterson said in a statement Thursday. 'With the passage of this legislation, voters in Missouri will get the chance to give Jackson County the right to have its own elected assessor, just like every other county in the state does. It improves accountability, cuts property taxes, and ensures the kind of transparency taxpayers deserve. The days of unchecked overreach by the Jackson County Tax Assessor need to come to an end.' FOX4 has emailed the county executive's office for comment as well as Legislators Manny Abarca and Sean Smith. FOX4 has also asked Patterson's office when voters can expect to see the amendment on the ballot. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
22-04-2025
- Politics
- Yahoo
Frank White veto override fails on rolling back 2023 property assessments
KANSAS CITY, Mo.- The Jackson County legislature will not comply with the Missouri State Tax Commission's (STC) order to to no more than a 15% increase from what the numbers were in 2022. The county legislature failed to override Democratic County Executive Frank White's veto from Friday, April 18. As expected, the legislature was one vote shy of the two thirds majority needed. Teens killed in Saturday crash were students leaving Shawnee Mission South prom Republican County Legislator Sean Smith needed five other legislators to support his ordinance. He only got four. On April 7, the County Legislature voted 5 to 4 on an ordinance that would that no parcel could have more than a 15% increase from 2022 to 2023. Friday's veto by White meant that the legislature would need six votes in favor of an override. On issues like this, White has had four legislators support him, Republican Jeanie Lauer, and Democrats Megan Marshall, Jalen Anderson, and Charlie Franklin. The five legislators that supported the ordinance for the county to comply with the STC order were Democrats Donna Peyton, Vanessa Huskey, Manny Abarca, Daron McGee and Republican Sean Smith. Smith said there is still an unknown for taxpayers and the county's taxing jurisdictions. 'We are a month and a half away from potentially sending out a whole new batch of assessment notices that will be substantially unlawful because they premise themselves on what happened in '23 having been lawful,' Smith said in an interview with FOX4 before Monday's meeting. 'We know it wasn't.' During Monday's meeting, Marshall, who voted not to override the County Executive's veto, discussed how the STC order could still be challenged in court. She also talked about the financial implications of this situation. 'If this ordinance is implemented, taxing jurisdictions across Jackson County could lose over $200 million, including tens of millions of dollars in lost funding for public schools,' she said. 'That's not just a number. That's teachers, counselors, school busses, and after school programs.' Student loans in default will be sent to debt collection, education officials say In the courtroom, Jackson County, MO must officially decide whether it's going to appeal the state district court judge's ruling that said taxpayers should not have had more than a 15% increase on their 2023 property assessments. In Friday's veto message though, White called the STC's order factually flawed and legally unenforceable. Separately from whether the county appeals the state district court judge's ruling, White's office has decided to increase 2025 residential assessments by no more than 15%. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
